CJ Century Logistics Holdings Berhad (CJCEN, 7117)

• Share price was unchanged at RM0.48 on Tuesday.

• CJCEN is making a mild rebound recently with decent trading interests. Selling pressure was seen in the month of January due to declining freight rate charges. Indicators are showing uptick momentum indicating share price might propel higher.

• Resistance levels are identified at RM0.48 (R1) and RM0.50 (R2).

• On the flipside, support levels are pegged at RM0.47 (S1) and RM0.45 (S2).

Source: Rakuten Research - 2 Feb 2023

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